Credit: A Year Like No Other
Posted January 2, 2021
The latest Macro Watch video looks at some of the extraordinary developments in US credit and wealth during the first three quarters of 2020. It
Tag Archives: Credit
Why China’s Winning
Posted December 17, 2020
China’s economy is on track to overtake the United States economy as the largest in the world in less than eight years, if current trends
Understand Money
Posted October 24, 2020
Monetary Policy is the US government’s most powerful economic policy tool. The Fed is currently creating $120 billion a month and pumping it into the
Dire Consequences Without New Stimulus
Posted October 3, 2020
If Congress fails to pass a new economic rescue bill soon, the United States is likely to experience a new severe economic downturn that could
The Velocity Of Money Is Irrelevant
Posted September 26, 2020
Although the subject of the new Macro Watch video is the irrelevance of Velocity in the 21stCentury, the video begins with a brief comment on
Interview: Melt Up or Melt Down?
Posted September 6, 2020
I was recently interviewed by Cris Sheridan for Financial Sense Newshour. This was a succinct conversation that addressed many of the issues that most concern
McAlvany Interview: Very Highly Recommended!
Posted August 15, 2020
David McAlvany knows how to conduct a great interview. His McAlvany Weekly Commentary podcast is one of the most respected in the industry. I’ve spoken with David
Expect More Rate Cuts
Posted September 29, 2019
Credit Growth in the United States has been the most important driver of economic growth for decades, so it is important to monitor it closely. If
Financial Sense Interview: Highly Recommended
Posted August 9, 2019
Capitalism didn’t exactly die. It just evolved into a very different kind of economic system: Creditism. I discussed the evolution of Capitalism into Creditism recently with
Looser Monetary Policy Will Be Required
Posted April 25, 2019
As recently as 1969, US savings were sufficient to fund all US debt. How things have changed. Last year, the US had only enough savings to finance
Expect Fed Rate Cuts This Year
Posted April 11, 2019
Credit Growth drives Economic Growth. But the United States doesn’t save enough to finance all that it borrows. It hasn’t for a very long time. To finance
Credit Growth, Asset Prices and The Fed
Posted March 28, 2019
Between 1980 and 2008, Credit Growth drove Economic Growth. The ratio of Total Credit to GDP soared from 170% in 1980 to 370% in 2008. Since 2008,